UnknownUnicorn3838311

UnknownUnicorn3838311

Hi followers. This is an analysis of Ripple in the intermediate-long term timeframe. Basically, XRP follows the general trend of the crypto market, and right now it's in a clear downtrend since clearly head and shoulders pattern formed in August with 3 engulfing bearish bars. As of now, the price stagnates around the level of $0.24 which is a support 1 under...

UnknownUnicorn3838311

Ethereum has been trending well for about two months. The recent pullback was completed in a dramatic fashion. An instant broke down $240,but the price recovered almost all the lose in just two days. The fact that at the moment Ethereum price only 5% from peak illustrates its strength and resilience. On the technical chart side, the price structure seems still...

UnknownUnicorn3838311

There's an across-the-board bounce for cryptos several days ago, spearheaded by Bitcoin which pushed the price above symbolic $7,000 once again. Overall in the big picture, we still believe this 10% rally doesn't reverse the bearish trend. With respect to ETH, it's obvious the rally doesn't surpass 4h resistance line and price is still concealed in the downtrend...

UnknownUnicorn3838311

ETH longs go through a nightmare with price sliding from 150 to 120 in a few days. As a result, in short term time-frame, the market was heavily oversold but in the daily chart, the price hasn't stabilized because the bull hasn't tried to stage a bounce after such steep fall. Since peaking in mid-June, we can see the bearish trend on ETH chart is more or less...

UnknownUnicorn3838311

Hi, guys, another bad day for cryptocurrencies, market cooling down fast and bitcoin is at critical support zone. I know there's plenty of analysts out there still charting the bull case, like 'to the moon' or '100k for 2021'. Smashed by bear power, this kind of delusion should be eradicated out of your mind and traders should respect and follow the trend, not...

UnknownUnicorn3838311

Hi, guys, another eventless week begins as Bitcoin price continue its sideway downtrend. Price prospect looks gloomy in 4H chart, slowly drifting down to $7,000, no buying or selling movement emerging, a sign that the bear market aggravates. Technical pictures indicate even bleaker at the moment. $7,000 may sit as resistance because in the thousands integer...

UnknownUnicorn3838311

Over the weekend, ETH completed Istanbul fork upgrade. However, it's sad to accept the fact that the long-expected upgrade doesn't give a boost to its price as ETH has stagnated in 140-150 range for several weeks. Volume diminishing and volatility shrinking, the price appears to be lifeless, daunting investors. Support 1: 145 Support 2: 138

UnknownUnicorn3838311

Hi, guys. Welcome to a new week. Price sideways around $7500 over the weekend, another boring week of whipsawing. But the situation won't last forever like this. Volatility indicator, as demonstrated via ATR(14), is hitting a new low in 4-hour chart. In the meantime, price movement over the last two weeks has formed a triangle, and now it is compressed to the...

UnknownUnicorn3838311

After a spike to $7800, Bitcoin recedes to consolidate around $7300 - 7400 level, which also coincides with the Pivot point and heaviest trading volume range. As the price shows no major movement during the daytime with subdued volume. Most likely, Bitcoin would continue zig-zag for some time then decide its direction. The next movement would be an intermediate...

UnknownUnicorn3838311

Still bearish on Bitcoin for the broad picture. 4H pin bar formed after a wild rally last night from 6800 to 7500. When there're too many shorts, a bounce justifies forcing the bearish side to liquidate their massive short positions. The overall trend is still down. For the technical part, daily RIS is turning up but on 4H chart, RSI has reached over 60. I...

UnknownUnicorn3838311

Bitcoin technical picture looks very way too oversold at the moment with RSI in 4H chart dropping below 20 again and forming a divergence, indicating significant overselling. On the surface, the price debacle is said to be associated with the recent government crackdown on cryptocurrencies in China. horizontal support 1: 6250 horizontal support 2: 5600 On the...

UnknownUnicorn3838311

As we can see in the daily chart, the bearish rectangle has formed over the past two months. Today the price breaks down the low trendline of the rectangle, thereby confirming that the bearish consolidation phase is over, and the bearish downtrend has resumed. On the technical side, the RSI has been an accurate indicator of market strength. Over the past two...

UnknownUnicorn3838311

horizontal support range between 155-160 is a very critical supporting area because the price has rallied twice at the end of September and October respectively. Now is a very perilous situation as the selling force overruns the market and is crushing the horizontal line. More downside is expected.

UnknownUnicorn3838311

The market cap excluding bitcoin, aka, Altcoin, is clearly in a downside trend. MA50 is crossing MA200 and goes down. Death cross generated. The technical picture looks very dim. Weekly RSI is 43.66, heading down. Until it breaks out above resistance line, I don't think it's wise to buy the dip.

UnknownUnicorn3838311

HI, guys, another gloomy day for cryptos. market continue the sliding torture, repeating pattern of last week. Bitcoin drop to 8000, which clearly is a key resistance level. ETH suffer less but show no vigor in the chart as well. In the weekly chart, it looks like ETH is slowly sliding to the range between 160-165, which acts as a key supporting trendline in the...

UnknownUnicorn3838311

The market cap of the whole crypto-asset topped out at the end of June 2019, reaching 370 billion dollars. However, in the coming month, market cap contracts significantly, steadily declining to 215 billion dollars for the moment. More interesting is that even the sharp rise at the end of October, when Bitcoin breaks out above benchmark 10,000 $, doesn't change...

UnknownUnicorn3838311

Look back on the last month, LTC has staged a somewhat small recovery from the stiff slump in September. In the weekly chart, the trendline still holds, but only for the moment. The situation looks precarious since the strength of the rebound is considerably disappointing. If the longterm trendline was broken, we may soon endure more downside.

UnknownUnicorn3838311

Two gravestone Doji in the weekly chart. From a technical perspective, clearly bearish signal.